White House aides are preparing to impose new tariffs on most imports on April 2, laying the groundwork for an escalation in global economic hostilities that President Donald Trump has called “Liberation Day.”
Through his first two months in office, the president has raised tariffs on roughly $800 billion in imports from China, Mexico and Canada, although estimates vary widely. These tariffs have sent the stock market careening and raised the risks of a U.S. recession, while inviting retaliation against domestic industries by trade partners.
Despite the blowback, senior Trump advisers are now publicly pledging to create a new tariff regime that would impose new duties on trade with most countries that trade with the United States. A person familiar with internal planning, speaking on the condition of anonymity to reflect private deliberations, confirmed administration officials are preparing tariffs on “trillions” of dollars in imports.
Trump Aides Prep More Tariffs For April 2 On Imports Worth Trillions For "Liberation Day"
Commerce Secretary Howard Lutnick has publicly defended Trump’s tariffs, but in private, he has reportedly told friends he’s “not thrilled” with the president’s impulsive approach. Lutnick has helped lower tensions at times with U.S. trading partners like Canada, but he is also reportedly worried Trump’s rhetoric on tariffs may make it harder to secure a strong deal with Canada and Mexico as the first review for the USMCA trade agreement is set for July.
Commerce Secretary Lutnick Reportedly Told Friends In Private He's 'Not Thrilled' With Trump's Whipsaw Approach To Tariffs
Prime Minister Mark Carney signalled Tuesday he is in no rush to speak to his U.S. counterpart about the ongoing trade war between the two countries, saying a call will come at the "appropriate time."
Speaking to reporters in Iqaluit after returning from a two-day trip abroad, Carney said he's not consumed by what he diplomatically called U.S. President Donald Trump's "initiatives," or near-daily trade threats, saying his main focus is building up the Canadian economy so that it's more resilient to global economic challenges, including the American protectionist push.
Carney Signals He's In No Rush To Speak With Trump After Visit To U.K, France
On Wednesday, March 19, the French government deplored the ban on entering the United States and the subsequent rejection of a French researcher who had come to attend a conference, because he had expressed a "personal opinion" on American research policy.
"I learned with concern that a French researcher" on a mission for the National Center for Scientific Research (CNRS), "who was on his way to a conference near Houston was banned from entering the United States before being expelled," said the Minister of Higher Education and Research, Philippe Baptiste, in a statement sent to Agence France-Presse (AFP). "This measure was allegedly taken by the US authorities because this researcher's phone contained exchanges with colleagues and friendly relations in which he expressed a personal opinion on the Trump administration's research policy," he added.
French Researcher Turned Away For Expressing "A Personal Opinion On The Policy of the Trump Administration"
Donald Trump has fired the two Democratic commissioners on the US Federal Trade Commission on Tuesday, further blurring the lines of bipartisanship at regulatory agencies. The fired commissioners are confirmed to be Alvaro Bedoya and Rebecca Kelly Slaughter. Bedoya confirmed his firing in a post on social media.
“I’m a Commissioner at the Federal Trade Commission. The President just illegally fired me,” he wrote.
Trump Fires FTC’s Only Two Democrats: ‘The President Just Illegally Fired Me’